Condominiums, or condos, are buildings divided into individually owned units surrounded by jointly owned common areas. In Uganda, condo ownership is regulated by the Condominium Property Act of 2001 and Condominium Property Regulations of 2002 (amended in 2012). Here are key points to consider:

1. Registration: Approval from local authorities is required before registering the condominium plan with the land registrar. Each unit receives a certificate of title, which holds the same legal weight as land titles.

2. Subdivision and Change of Use: Subdividing or consolidating units requires approval and registration of a modified condominium plan. Changing a unit's use necessitates unanimous consent from owners and approval from local authorities.

3. Common Property: Common areas are jointly owned by all unit owners as tenants in common, proportional to their unit factor. There are no boundaries favoring specific owners.

4. Corporation Formation: Unit owners constitute a corporation with perpetual succession. The corporation establishes by-laws and elects a management board and a managing agent for day-to-day operations.

5. Termination: If terminating the condominium becomes necessary, a unanimous resolution from the corporation is required. A court order and notice of termination must be filed with the Registrar of Titles.

It is crucial for condo investors to understand and comply with the Condominium Property Act and Regulations, as they contain mandatory provisions and strict timelines. Legal consultation is recommended for specific inquiries.

Note: This summary provides a general overview and does not constitute legal advice. Consult a legal professional for personalized guidance in your jurisdiction.

Click here to download a pdf version of the Condominium Property Act of 2001.

Kind Regards
Julius Czar
Author: Julius Czar
Company: Zillion Technologies Ltd
Mobile: +256705162000 / +256788162000
Email: Julius@RealEstateDatabase.net
Website: www.RealEstateDatabase.net
App: Install the RED Android App